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Last C$6.61 CAD
Change Today +0.79 / 13.57%
Volume 1.2M
BIR On Other Exchanges
Symbol
Exchange
OTC US
Berlin
As of 4:00 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

birchcliff energy ltd (BIR) Snapshot

Open
C$5.75
Previous Close
C$5.82
Day High
C$6.69
Day Low
C$5.74
52 Week High
09/9/14 - C$12.83
52 Week Low
08/24/15 - C$4.90
Market Cap
1.0B
Average Volume 10 Days
458.1K
EPS TTM
C$0.19
Shares Outstanding
152.3M
EX-Date
--
P/E TM
34.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for BIRCHCLIFF ENERGY LTD (BIR)

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birchcliff energy ltd (BIR) Details

Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces natural gas, light oil, and natural gas liquids in Western Canada. The company principally holds interests in the Peace River Arch area of Alberta, which produces natural gas and oil in the Western Canadian Sedimentary Basin. As of December 31, 2014, it had proved plus probable reserves of 465.0 MMboe; 282.3 MMboe of proved reserves; and working interests in 11 gas plants and 2 oil batteries, as well as held 478,295.1 net acres of undeveloped land. The company was formerly known as Alberta Ltd. and changed its name to Birchcliff Energy Ltd. in September 2004. Birchcliff Energy Ltd. was incorporated in 2004 and is headquartered in Calgary, Canada.

157 Employees
Last Reported Date: 03/18/15
Founded in 2004

birchcliff energy ltd (BIR) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$454.0K
Chief Financial Officer and Vice President
Total Annual Compensation: C$414.0K
Chief Operating Officer and Vice President of...
Total Annual Compensation: C$414.0K
Vice President of Corporate Development
Total Annual Compensation: C$414.0K
Vice President of Operations
Total Annual Compensation: C$414.0K
Compensation as of Fiscal Year 2014.

birchcliff energy ltd (BIR) Key Developments

Birchcliff Energy Ltd. Announces Unaudited Earnings and Production Results for the Second Quarter and Six Months Ended March 31, 2015; Revised Earnings and Production Guidance for the Year 2015

Birchcliff Energy Ltd. reported earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company has posted petroleum and natural gas revenue of $23.64 million against $41.35 million a year ago. Net loss was $4,174,000 or $0.03 diluted per share against net profit of $28,087,000 or $0.18 diluted per share a year ago. Funds flow from operations was $45,752,000 or $0.30 diluted per share against $75,382,000 or $0.49 diluted per share a year ago. Capital expenditures were $65,122,000 against $75,484,000 a year ago. For the six months, the company has posted petroleum and natural gas revenue of $22.96 million against $44.05 million a year ago. Net loss was $7,653,000 or $0.06 diluted per share against net profit of $67,586,000 or $0.44 diluted per share a year ago. Funds flow from operations was $82,472,000 or $0.53 diluted per share against $163,751,000 or $1.09 diluted per share a year ago. Capital expenditures were $163,661,000 against $236,887,000 a year ago. For the quarter, the company announced total average daily production of 38,489 barrels of oil equivalent against 31,178 barrels of oil equivalent a year ago. For the six months, the company announced total average daily production of 38,453 barrels of oil equivalent against 31,462 barrels of oil equivalent a year ago. On February 11, 2015, the company announced capital budget for 2015 of $266.7 million, which included the drilling of 25 (24.5 net) wells. With capital expenditures of $266.7 million, the company estimated annual average production of 38,000 to 40,000 boe per day. In the current environment, planned capital expenditure program for 2015 can now be achieved for approximately $220 million to $225 million as a result of significant cost savings, more efficient execution and the deferral until 2016 of approximately $17 million of capital associated with the Phase V expansion of the PCS Gas Plant. Forecast of total capital expenditures during 2015 is now approximately $250 million, a reduction of $16.7 million from the $266.7 million capital budget previously announced. These additional wells will be drilled in the Pouce Coupe area and it is anticipated that 5 of these wells will be brought on production by year end and the remaining 2 wells will be brought on production during the first quarter of 2016. The company now expect that a total of 32 (31.5 net) wells will be drilled in 2015. The company expects to achieve record annual average production of 39,000 to 40,000 boe per day for 2015, revised upwards from previous guidance of 38,000 to 40,000 boe per day, representing a range of 16% to 19% growth above the annual average of 33,734 boe per day in 2014. As a result of the drilling of the 7 additional wells under revised 2015 capital expenditure program and the improved production performance from the wells that have drilled in 2014 and 2015, 2015 fourth quarter average production is expected to be 41,000 to 42,000 boe per day, an increase of approximately 2,000 boe per day from original internal expectations. Exit production in 2015 is expected to be 41,000 to 42,000 boe per day, setting up for strong average production in the first quarter of 2016.

Birchcliff Energy Ltd. to Report Q2, 2015 Results on Aug 12, 2015

Birchcliff Energy Ltd. announced that they will report Q2, 2015 results After-Market on Aug 12, 2015

Birchcliff Energy Ltd. Presents at EPAC Oil & Gas Investor Showcase, Jun-10-2015 02:45 PM

Birchcliff Energy Ltd. Presents at EPAC Oil & Gas Investor Showcase, Jun-10-2015 02:45 PM. Venue: Metropolitan Conference Centre, 333 4th Avenue SW, Calgary, Alberta, Canada.

 

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Price/Earnings 20.8x
Price/Sales 2.0x
Price/Book 0.7x
Price/Cash Flow 3.9x
TEV/Sales 0.1x
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